Capstar Chauffeurs Limited - Period Ending 2014-05-31

Registration number: 08308627

Capstar Chauffeurs Limited Unaudited Abbreviated Accounts for the Year Ended 31 May 2014

Capstar Chauffeurs Limited
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Capstar Chauffeurs Limited
(Registration number: 08308627)
Abbreviated Balance Sheet at 31 May 2014

	Note		2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets						12,042						-
Current assets
Debtors			72,992						-
Cash at bank and in hand			89,249						100
			162,241						100
Creditors: Amounts falling due within one year			(32,768)						-
Net current assets						129,473						100
Net assets						141,515						100
Capital and reserves
Called up share capital	3		441						100
Share premium account			408,691						-
Profit and loss account			(267,617)						-
						141,515						100

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board on 8 October 2014 and signed on its behalf by:

......................................... Mr Robert Bassett Cross Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Capstar Chauffeurs Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	5 years straight line
Fixtures and fittings	5 years straight line
Website	3 years straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		15,185			15,185
At 31 May 2014		15,185			15,185
Depreciation
Charge for the year		3,143			3,143
At 31 May 2014		3,143			3,143
Net book value
At 31 May 2014		12,042			12,042

Page 2

Capstar Chauffeurs Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £0.01 each		44,086			441			10,000			100

New shares allotted

During the year 34,086 Ordinary shares having an aggregate nominal value of £341 were allotted for an aggregate consideration of £409,032. The shares were allotted to raise working capital to enable the company to start trading.

Page 3